In the afternoon, the index continued to fluctuate at low level. Till market closed, Customer Service and Agriculture led the gain. Comprehensive Finance and Non-Banking Finance led the fall. In total, both markets traded 716.27 billion RMB, down 1.71 % dod.
|Open||Close||% Change||(bn yuan)|
|Sector||Top 1||Led by||Top 2||Led by|
|Downward-leading||Comprehensive Finance||600318||Non-Banking Finance||601696|
*Alibaba and Galanz signed a cooperation agreement, the two parties will carry out comprehensive digital cooperation in product innovation, new product development, IoT technology application and other fields.
*The establishment and base project launch ceremony of China Automobile Chuangzhi Technology Co., Ltd. jointly established by Ordnance Equipment Group, China FAW, Dongfeng Company, Changan Automobile, and Jiangning Economic Development Technology was held in Nanjing.
*According to data analysis provided by the General Administration of Customs of China Automobile Industry Association recently, in May this year, the total import and export of auto commodities was 8.33 billion U.S. dollars, down 10% from the previous month and down 36.9% year-on-year, of which the import value of auto commodities was 3.78 billion U.S. dollars. It fell 3.1% month-on-month and fell 47.2% year-on-year; the export value of auto commodities was US$4.55 billion, down 15% month-on-month and down 24.6% year-on-year.
*The total value of Shenzhen’s foreign trade imports and exports in May was 255.41 billion yuan, an increase of 11.2% year-on-year. Among them, exports were 149.97 billion yuan, an increase of 14.3%, and imports were 105.44 billion yuan, an increase of 6.9%.*It is reported that in 2020, the Anhui province will complete the construction of 20,000 5G base stations, and strive to reach 25,000. It will achieve 5G deep coverage of key development parks, and promote major public places such as subways, stations, government and public institutions in cities across the province. Regional and various public facilities are opened to 5G network facilities and resource occupancy fees are waived.
Disclosure: Interactive Brokers
Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.
This material is from Guosen Securities Co., Ltd and is being posted with permission from Guosen Securities Co., Ltd. The views expressed in this material are solely those of the author and/or Guosen Securities Co., Ltd and IBKR is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.